Safety and scamsIntermediate
Token approvals
An approval lets an app move a token from your wallet, up to an amount you allowed.
- What it means
- Unlimited approvals stay active until you revoke them, so a hacked or fake app can still move those tokens later.
- What to watch
- Unlimited allowances, approvals for apps you no longer use, and approval requests from sites you don't know.
- How Compass-Alpha uses it
- Wallet token lists flag suspicious tokens with a warning: don't swap them or sign anything for them.
Free guides and tools
Crypto Fear & Greed IndexBitcoin DCA calculatorCrypto taxCrypto basics
More in Safety and scams
Rug pull warning signs
A rug pull is when the people behind a token take the money from its trading pool and disappear.
Fake airdrops and phishing links
Messages or tokens that promise a free airdrop to lure you to a look-alike website.
Seed phrase safety
A seed phrase is 12 or 24 words that can restore your whole wallet on any device.